Phoenix Capital – We Enable, You Prosper
Asset Finance in Kenya
Phoenix Capital Ltd offers fast and flexible asset finance solutions in Kenya for vehicles, machinery and business equipment. Enjoy competitive and flexible rates, financing of up to 75% of the asset value, repayment terms of up to 48 months, and same-day turnaround to help you acquire the assets you need faster.
— How This Loan is Different
What Is Asset Finance?
Asset finance is a structured funding facility that lets you acquire a vehicle, machine or piece of equipment and pay for it in instalments, rather than settling the full purchase price upfront. In most cases, the financed asset itself stands as security for the facility, which means you get to put the asset to work generating income or improving efficiency from day one, while your cash reserves stay intact for stock, payroll, rent and the everyday costs of running a business.
In Kenya, asset finance is widely used to fund commercial and personal vehicles, construction and earthmoving machinery, agricultural equipment, medical and laboratory equipment, ICT and office equipment, and energy installations such as solar and backup power systems.
Assets We Finance
Below listed are assets we finance:
Vehicle Finance
Saloon cars, pickups, vans, buses, trucks, matatus and boda bodas for personal or commercial use.
Construction & Earthmoving Equipment
Excavators, graders, tippers, cranes, compactors and other earthmoving or contracting equipment.
Medical & Laboratory Equipment
Diagnostic, laboratory and hospital equipment for clinics, pharmacies and health practitioners.
ICT, Office & Industrial Equipment
Diagnostic, laboratory and hospital equipment for clinics, pharmacies and health practitioners.
How It Works
From choosing your asset to putting it to work — a clear, structured path to asset finance.
Choose Your Asset
Get a pro-forma invoice for the vehicle, machine or equipment you want to finance.
Submit Your Application
Apply online or at a Phoenix Capital branch, and upload the required documents.
Assessment & Structuring
A relationship manager reviews your application, verifies the asset and confirms your repayment structure.
Offer Letter & Disbursement
Once approved, you sign the offer letter and the facility is disbursed to the supplier or dealer.
Take Delivery & Repay
Put the asset to work immediately, while making manageable instalments over the agreed term.
— Who Can Apply
Asset finance from Phoenix Capital is open to a broad range of applicants:
- salaried employees and self-employed professionals looking to acquire a personal or income-generating vehicle.
- small and medium enterprises expanding fleet, machinery or equipment capacity.
- corporates and institutions financing large or specialized equipment purchases.
— Eligibility
Who qualifies, and what to bring
- Valid National ID or passport.
- KRA PIN certificate.
- Certified bank or M-Pesa statements for the last 6 months.
- Pro-forma invoice from a recognized dealer or supplier.
- Passport-size photo
Branches available
Head Office is in Kilimani, Nairobi, with branches across the city and beyond.
Kilimani
8th Floor, The Arch Place, Nyangumi Road
CBD Town
12th Floor, Finance House, Loita Street
Hurlingham
3rd Floor, Maralal Oasis
Buruburu
2nd Floor, Fairline Centre
Utawala
1st Floor, Grey Park Annex
Kiambu
8th Floor, Bishop Ranji House
Thika
1st Floor, Maisha Heights
Kitengela
3rd floor Kitengela Mall
— Apply
Start your application
Frequently Asked Questions
What is asset finance and how is it different from a personal loan?
Asset finance is tied to a specific vehicle, machine or piece of equipment, which typically serves as security for the facility. This generally allows for higher amounts and longer terms than an unsecured personal loan.
What assets can I finance?
Depending on eligibility, you can finance cars, commercial vehicles (pickups, trucks, buses, vans, taxis), and business assets such as machinery equipment.
What deposit do I need to put down?
Deposits typically range from about 30% of the asset’s value, depending on the type, age, and condition of the asset. A lower deposit is usually available for newer vehicles or well-established equipment categories.
How much of the asset's value can be financed?
Phoenix Capital Ltd typically finances 75% of an asset’s value with payment terms of up to 48 months.
What documents do I need to apply?
- National ID and KRA PIN
- Proof of income, payslips, or 3–6 months’ bank/M-Pesa statements for business owners
- A proforma invoice or quotation for the asset from a recognized dealer or supplier
- For vehicles, an active NTSA TIMS account to facilitate registration
- For businesses, registration documents and basic financial records
What is the interest rate and repayment period?
Phoenix Capital Ltd offers Asset Finance at a competitive interest rate of 3.5%, with flexible repayment terms of up to 48 months.
Who owns the asset during the loan period?
The financed asset serves as your security. For vehicles, it’s jointly registered with Phoenix Capital at NTSA until the loan is fully repaid, similar to a logbook loan. For equipment and machinery, a corresponding security registration applies. Once you have completed all repayments, full ownership is transferred into your name.
How long does approval take?
Phoenix Capital Ltd offers a fast and efficient approval process, with a turnaround time of as little as 2 hours, subject to meeting all requirements.
What happens if I default on repayments?
Since the financed asset is the primary security, continued default can lead to its repossession to recover the outstanding balance. As with our other secured products, we encourage you to reach out early if you are struggling with repayments so we can discuss suitable arrangements before an account falls into serious arrears.
How do I apply?
- Choose your asset and obtain a proforma invoice or quotation from a recognized dealer or supplier.
- Submit your application with the required documents.
- Phoenix Capital assesses the asset, the invoice, and your ability to repay.
- You pay the agreed deposit.
- Phoenix Capital settles the balance with the dealer or supplier directly.
- The asset is registered as security (jointly at NTSA for vehicles).
- You take possession of the asset and begin repaying in installments.
- On full repayment, ownership is transferred fully into your name.